How would traumatizing mathematics help in any way when you are thrown away on the job market and trying to sell your skills and assets to the highest bidder?
Brett Nelson, a former engineer and editor-in-chief of Forbes magazine, has come up with a formula designed to help you find the perfect job! What does it do you don’t do? It helps you find the so-called “confidence factor”, a ratio between 0% and 100%. Further explanations ahead.
And now nerds are smiling and beating everyone up!
(that is figuratively… but still!)
And now would be the time for the most reluctant of us when faced to mathematics, numbers, ratios and formulas to happily turn their jacket and find the perfect job! Mr. Nelson and his formula will make you appreciate the company of numbers. Yes, it surely seems a bit scary at first sight, but his calculations are still quite simple:
CF = 0.2x(Salary) + 0.15x(Satisfaction) + 0.15x(Opportunity) + 0.1x(Personal Time) + 0.1x(Company’s culture) + 0.1x(Company’s financial health) + 0.05x(Company’s location) + 0.05x(Team work) + 0.05x(Professional evolution) + 0.05x(Interactions in and outside the company)
And now on your way to calculate your “confidence factor” (CF):
- Salary : Is this job well enough payed? Does your salary cover your needs? Each time, pick a ratio from 0% to 100%.
- Satisfaction : Do you really enjoy the job you do or do you just do it without looking for improvement?
- Opportunity : Shall this job allow you to evolve and lead you to the position you eventually really wish to occupy and fulfill?
- Personal time : Does this job still leaves you enough time to actually enjoy your personal life?
- Company culture : Do you feel comfortable in your work environment as well as with your colleagues?
- Financial health : Is your company thriving or meeting difficulties?
- Location : Does the location of the company, where you shall eventually work, suit you?
- Team work : Does the job involve team work or solo? Pick this ration according to your personal preferences.
- Professional evolution : Shall the job ever stay the same or will you be in charge of multiple tasks during this mission?
- Interactions : Shall you work with a number of companies or in direct contact with customers/users during your mission?
To each variable a ration that you pick from 0% to 100%, 0% being entirely unsatisfied and 100% extremely satisfied. Example: the proposed salary – or the one you actually perceive – is entirely satisfactory to you; coefficient for salary being 0,2, multiply 0,2 by, let’s say, 90 (because who is always entirely satisfied with his salary, right?), hence: 95 x 0,2.
And so on for each factor involved here: location of the company is to far from home? Note it 30 x 0,05 or maybe 35. You will be in direct contact with users and it’s a supplementary motivation to work? Well, who knows, they might be unpleasant, but that’s a plus! Note it 80 x 0,05. And the list goes on and on.
To each his own calculator
Thus add up every factor and you will end up with your CF or “confidence factor”. To be sure that the Nelson formula has done the job, the inventor warns, be always sure that the sum be > 1. What’s more, if some factors are found irrelevant to your own situation, simply put them away of the equation.
Now to find out the results:
- If your CF or “confidence factor” is under 60%, you should not, very clearly, accept the job offered to you, or you should quit the one you currently occupy (theoretically of course!).
- Your CF goes between 61% and 75%? Good enough, but you should still think it through: you can do better.
- If your CF is over 75%, this job is for you!
- Beyond 90%, that is perfection.
And after this tremendous effort in mobilizing my neurons for this career equation I need to go back to my best mattress for side sleepers for a nighty night, probably…
But before that, one last quick add from Mr. Nelson before you write your resignation letter and go off for a better job:
“This formula is not rigorously scientific but it will certainly allow you to clarify your thoughts and take the best of decisions amongst your possible options” … No rush!